NU Online News Service, Dec. 16, 3:06 p.m. EDT
The China Insurance Regulatory Commission (CIRC) has granted licenses to Chubb Corp. and XL Group to operate businesses in the country.
Chubb said the CIRC granted final approval to Chubb Insurance (China) Co. to establish a branch in Nanjing, in Jiangsu province. The branch is expected to open Feb. 28.
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